The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s pediatric imaging market report forecasts the pediatric imaging market size to grow to $12.38 Billion by 2027, with a CAGR (compound annual growth rate) of almost 9%.

Learn More On The Pediatric Imaging Market Report 2023 – https://www.thebusinessresearchcompany.com/report/pediatric-imaging-global-market-report

Pediatric Imaging Market Size Forecast
The global pediatric imaging market is expected to grow from $7.93 billion in 2022 to $8.79 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pediatric imaging market size is expected to grow to $12.38 billion in 2027 at a CAGR of 8.9%.

North America held the largest pediatric imaging market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Pediatric Imaging Market Driver ­– Rise In The Number Of Pediatric Ailments Among Children
For instance, according to the National Cancer Institute, a U.S. Department of Health and Human Services, in 2021 approximately 15,990 children in the age group of 0-19 years were diagnosed with cancer in the United States. Therefore, the rise in the number of pediatric ailments among children is driving the growth of the pediatric imaging market.

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Key Pediatric Imaging Market Trend – Technological Advancement
Major companies operating in the pediatric imaging sector are focused on developing technologically advanced products to strengthen their market position. For instance, in May 2021, Philips Healthcare, a Netherlands-based company operating in advanced medical technology for scanning, launched Spectral CT 7500, a technologically advanced super-premium scanner working on spectral technology. Spectral technology uses multiple electromagnetic waves beyond the visible spectrum RGB (Red, Blue, and Green) that are capable of obtaining a clear organ picture for diagnosis. The Spectral CT 7500 uses spectral data for scanning to provide results in a faster manner with a more confident diagnosis. Additionally, it can be used for precision diagnosis in pediatric, bariatric, and cardiac care, oncology, emergency radiology, and others.

Pediatric Imaging Market Segment
1) By Modality: Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), X-ray, Other Modalities
2) By Application: Orthopedics, Gastroenterology, Cardiology, Oncology, Neurology, Other Applications
3) By End-User: Hospitals, Diagnostic Centers, Other End-Users

Pediatric Imaging Market Major Players and Strategies
Major players in the pediatric imaging market are General Electric Company, Siemens Healthcare GmbH, Koninklijke Philips N.V, FUJIFILM Holdings Corporation, Toshiba Medical Systems Corporation, Agfa-Gevaert Group, Carestream Health, Canon Inc., Samsung Medison Co. Ltd., Hitachi Medical Corporation, Analogic Corporation, EsaoteSpA, Medtronic plc, Mindray Medical International Limited, EDM Imaging, CAN-med Healthcare, EOS imaging, Philips Medical Systems Technologies Ltd., KARL STORZ Group, LMT Medical Systems GmbH, Maranda Lauzon Inc., SternMed GmbH, Trivitron Healthcare Pvt Ltd., X-MOL, and Shenzhen Anke High-tech Co. Ltd.

In March 2021, Fujifilm Holdings America Corporation, a US-based company operating in imaging diagnosis, acquired Hitachi Diagnostic Imaging for $1.38 billion (179 billion yen). Through the acquisition, Fujifilm Holdings America Corporation aims to strengthen its product portfolio in the imaging diagnosis segment by providing comprehensive solutions for a wide range of clinical needs and expanding its global reach in the imaging diagnosis segment. Hitachi Diagnostic Imaging is a Japan-based firm that offers a broad range of diagnostic imaging equipment, including MRI, CT, and ultrasound for kids and adults.

The Pediatric Imaging Global Market Report 2023 covers regional data on pediatric imaging market size, pediatric imaging market trends and drivers, opportunities, strategies, and pediatric imaging market competitor analysis. The countries covered in the pediatric imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Pediatric imaging is a non-invasive, cutting-edge technology that scans children’s health conditions in order to provide an effective treatment plan and anticipate a child’s health risk in the earliest stages of life in order to prevent medical issues in the adolescent period.

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